PPF AND NSC
This query is : Resolved
Guest
Guest
(Querist)
23 September 2010
IS PPF AND NSC TAXAXBLE IF MATURES
Aditya Maheshwari
(Expert)
23 September 2010
Prinicipal + interest tax free of PPF
Princiapl tax free of NSC and interest taxable on acrual basis.
Princiapl tax free of NSC and interest taxable on acrual basis.
Message likes :
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Rahul Gupta
(Expert)
24 September 2010
Agreed with Mr Aditya.
In addition, Interest on NSC will also be claimed as deduction u/s 80C.
Regards
In addition, Interest on NSC will also be claimed as deduction u/s 80C.
Regards
Message likes :
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Guest
Guest
(Querist)
24 September 2010
I know nsc 6th year int.'s deduction is available in 80c because it is reinvested
what about in maturity
what about in maturity
Aditya Maheshwari
(Expert)
24 September 2010
Maturity principal proceeds not taxable. accrued interest allowable u/s 80C.
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